The Indian freight and logistics market is projected to increase annually by 8.8% from $317.26 billion in 2024 to $484.43 billion by 2029, but Indian fleet managers have been grappling with safety and data utilisation challenges, research by Amazon Web Services (AWS) and HERE Technologies has found. Effective fleet management is needed for efficient logistics operations, especially in today’s challenging environment with driver shortages, fluctuating fuel costs, shipping delays, and regulatory pressures. Companies are digitising their fleet management operations to enhance decision-making and operational efficiency.The research, however, noted that fleet managers have been grappling with safety and data utilisation challenges:
Driving safety and efficiency
Fleet managers in India (28%) have indicated that key performance indicators (KPIs) related to improving vehicle and driver safety are not being met effectively. Additionally, 25% reported challenges in vehicle utilisation.
Turning data into decisions
The rise in asset tracking technology has resulted in a wealth of data at the disposal of fleet managers. But the ability to leverage this data effectively remains a challenge.
Efficiency and revenue
The survey revealed that 39% of respondents in India ranked ‘improve operational efficiency’ and 24% ranked ‘increase revenue’ as their primary investment drivers. This underscores the critical role of innovative technologies in driving business growth.
Steering towards sustainability
According to the survey, 39% of Indian fleet managers plan to adopt electric vehicles within 3-4 years, while 54% anticipate adoption within 5-6 years.
Mapping the road to success
Real-time tracking of shipments and fuel management emerged as the top requirement within a fleet management solution.
Partnering for progress
Finding relevant suppliers is a significant barrier to adopting new fleet management solutions, as reported by 38% of respondents.Abhijit Sengupta, senior director and head of Business for India and Southeast Asia at HERE Technologies, said that these findings underscore the critical challenges and exciting opportunities within India’s transportation and logistics sector. “Our mission is to provide fleet managers with reliable, data-driven insights that address these challenges and enhance both efficiency and sustainability. Similar trends were highlighted in our research last year, reinforcing the ongoing need for innovative solutions and strategic partnerships,” he said. “By leveraging advanced data capabilities and fostering collaboration, HERE Technologies is committed to delivering the tools that empower businesses to overcome barriers and drive their operations forward.”
